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The Close, Mitcham CR4

South East

£500,000
Listed on 30/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
936 sqft

Description

This end-of-terraced 3-bedroom house offers a prime opportunity for those looking to invest or renovate in the desirable Mitcham area. Nestled on a tranquil residential street, the property is chain-free and comes with considerable potential for modernisation. While it requires updating throughout, it features double glazing and spacious room layouts, providing an ideal foundation for a personalised renovation project. The three generously sized bedrooms and adaptable living space can be transformed into a more contemporary design, and there’s also scope for reconfiguration or expansion, subject to planning permission. A standout feature of this property is the sizable garden, which presents ample outdoor space perfect for relaxation or entertaining. With its proximity to Mitcham tram stop, residents will benefit from excellent transport links across South London, making this home especially appealing for commuters and families alike. The surrounding suburban setting combines quiet living with accessibility to local amenities, enhancing its investment potential.

Investment Analysis

(CR4 area)

Above Market Value

This property is priced +6.1% above area average per sq ft

+6.1%
This Property
£534/sq ft
Area Average
£503/sq ft
Avg Rent (weekly)
£406
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£518,249
10% above area average per sq ft
Potential ROI
-4.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (CR4)

Area prices are rising by +9.1% over the last 12 months
3 year growth: +8.0%
5 year growth: +13.7%
Investment Disclaimer: Analysis based on CR4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

The Close, Mitcham CR4
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,803
Based on a loan of £375,000 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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